Swedish Bitcoin Exchange Cryex Secures $10M in Funding to Expand Platform
Bitcoin is gaining a foothold in European countries as of late. Multiple Bitcoin exchanges are either expanding to Europe or are securing funding to expand existing operations. The latest Bitcoin exchange to secure a round of seed funding is Cryex, based in Sweden. Cryex Secures $10m in Funding. The main goal of Cryex is to build a bridge between financial markets and the blockchain economy. Several companies are trying to break ground in this area, yet there are many different ways to pursue the goal. Cryex aims to utilize its team’s collective experience to provide quality financial....
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Sweden-based digital currency exchange Cryex has raised $10m from investors including White Star Capital and Northzone Ventures. According to its website, launched 4th May, the Stockholm-based company seeks to bridge the gap between traditional financial markets and blockchain technology with a soon-to-be launched exchange product. Though details are scarce, this general focus was further addressed by Simon Nathanson, chairman of Cryex Clearing AB, in statements regarding the round. Nathanson said: "Cryex has a unique model to clearing and settlement and has all the necessary components in....
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